thanks.
Yes, the company who holds my renters insurance policy does *not* do non-owners policies, and referred me to another company.
My dad used to explain this to me- and i’ve talked with others who have some knowledge about insurance things: One thing to keep in mind is (my dad’s idea) what if you’re driving and somehow cause an accident that seriously injures the head of a family of 5. If you don’t have enough coverage, if you have any assets (other than the house you live in , your retirement accounts, etc) , you may lose some assets if you’re found liable and don’t have enough insurance. That’s another reason my dad recommended an umbrella policy – it usually adds on to homeowners and car policies – if you had them with the same company and had max limits for them– and for about an extra $100 a year (in the past) you could get $1M in coverage to add to your homeowners or car ins.
On the other hand, someone pointed out to me that she was concerned about something else- what if someone causes an accident you’re involved in, and you need , for ex. , round-the-clock care for the rest of your life. If you have higher limits , covering the other driver as under-insured , that could help pay for your care, even if that person has no or low limit insurance.
As i think of it, it’s gambling. You may not ever have an accident, but if you do, it could be bad.
I’ll make some calls.
